Pharmaceutical companies must transform their business models to be competitive in the changing healthcare ecosystem.
The future of healthcare will be defined by technologies (digitalization, AI, IoT, etc.), financial pressures, growing competition, and market changes with new patients and HCP needs that will impact traditional linear value creation and traditional business models.
Pharmaceutical companies will have to adapt quickly and find new opportunities by creating value-driven business models for sustainable success. Leveraging innovation in business models creates better products and services for an optimal patient and customer experience. It leverages three main capabilities:
To manage their portfolio(s) of business models efficiently, pharmaceutical companies must address the following two scopes to create new strategic alternatives:
As a management and technology consultancy, we develop a holistic approach, from strategy to implementation, embracing organization and governance, people and culture, processes and IT dimensions.
We support you in improving your current business model, providing benchmark insights. We can also help you develop and implement innovative concepts and assist you in their implementation.
In the current efforts to reshape pharma organizations, we notice that exponential improvement is generated by three major building blocks: Data, Services and Platforms.
Data: from collection to generating insights, data provides strong value creation with a better decision-making process for better outcomes. At the pharma company level and for all healthcare landscape stakeholders, it empowers patients, physicians, regulators, payers, and industries.
Services: services must be anchored in the customer and patient journey. Once launched, service monitoring and iteration based on performance and customer feedback are crucial to success.
Platforms: healthcare platforms are starting to show the potential to improve patient care, prevention, diagnosis, treatment and aftercare. They should significantly increase services productivity and reduce costs down the line.
The following are among many different assignments we have conducted :
If you’re looking to accelerate your business transformation and innovation by an end-to-end integration, leveraging your current assets and exploring new ones, don’t hesitate to reach out!